Picasso painting sold for $ 103 million in New York

The painting “Woman seated near a window (Marie-Thérèse)” by Pablo Picasso was sold Thursday for 103.4 million dollars during an auction organized at Christie’s, in New York.

The canvas, painted in 1932, sold for $ 90 million, raised to 103.4 when added fees and commissions, after a battle between collectors of more than 19 minutes.

The sale confirms the vitality of the art market, which has not really suffered from the pandemic, but also the special status of Pablo Picasso (1881-1973).

The same painting was acquired just eight years ago by its current owner at a London auction for £ 28.6million, or around $ 44.8million, less than half the price offered on Thursday.

Five works by the Spanish painter have now crossed the symbolic threshold of $ 100 million. Even before this sale, he was already alone in the lead in this very closed club with four paintings, including “Women of Algiers”, which holds the record for a Picasso, at 179.4 million dollars, in May 2015.

This is the first time in two years that a work has crossed $ 100 million, since a copy of Claude Monet’s “Meules” series reached 110.7 million at Sotheby’s, already in New York.

On Tuesday, the canvas “In This Case” by American painter Jean-Michel Basquiat sold for $ 93.1 million at Christie’s during the first of the big spring sales, one of the two most important meetings in the world. auctions.

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